The Basics of FIRE: Financial Independence and Early Retirement
by Kristin Wong, Mike Winters on Two Cents, shared by from Lifehacker on (#598C6)
Financial independence? Sounds great! Retiring early? Sign me up. The FIRE movement (financial independence, retire early) embraces the concept of saving most of your income in your 20s or 30s so you can retire in your 30s or 40s, but this elusive goal requires a good, stable income and an extreme dedication to saving.